695 Jerry St 24,980 SF 96% Leased Office Building Castle Rock, CO 80104 $7,200,000 ($288.23/SF) 8.38% Cap Rate
INVESTMENT HIGHLIGHTS
- High barrier entry infill location in Castle Rock, Colorado, a rapidly growing retail trade area
- The mix of retail, restaurant and service offerings ensures long-term sustainability for the tenants and drives an consumer base to the Property
- 95.76% leased to a a diverse tenant mix of retail and office with triple-net leases, long term occupancies and contractual rent increases
EXECUTIVE SUMMARY
CBRE, as exclusive agent for Ownership, is pleased to offer the opportunity to acquire 695 Jerry Street (“the Property”), a 24,980 SF mixed-use building and single tenant retail building in the heart of the rapidly growing and affluent Castle Rock, Colorado retail market.
695 Jerry Street totals 24,980 SF and is comprised of a 20,130 SF four-story mixed-use building and a 4,850 SF single tenant restaurant. The property is 95.76% occupied, was built in 1977 (restaurant) and 2008 (mixed-use) and has been well maintained by the current ownership. The Offering provides investors the opportunity to acquire a high-quality neighborhood mixed-use asset in one of the western United States’ top growth markets.
695 Jerry Street benefits from the synergy and traffic volume generated by the adjacent 221-unit multifamily/19,375 SF commercial development and energetic downtown core of Castle Rock. The asset meets all the necessary fundamentals of a viable retail and office destination benefiting from the premier visibility along I-25 with traffic volumes in excess of 122,000+ VPD.
The subject property is being offered free and clear of existing debt on an “as-is, where-is” basis.
695 Jerry Street totals 24,980 SF and is comprised of a 20,130 SF four-story mixed-use building and a 4,850 SF single tenant restaurant. The property is 95.76% occupied, was built in 1977 (restaurant) and 2008 (mixed-use) and has been well maintained by the current ownership. The Offering provides investors the opportunity to acquire a high-quality neighborhood mixed-use asset in one of the western United States’ top growth markets.
695 Jerry Street benefits from the synergy and traffic volume generated by the adjacent 221-unit multifamily/19,375 SF commercial development and energetic downtown core of Castle Rock. The asset meets all the necessary fundamentals of a viable retail and office destination benefiting from the premier visibility along I-25 with traffic volumes in excess of 122,000+ VPD.
The subject property is being offered free and clear of existing debt on an “as-is, where-is” basis.
DATA ROOM Click Here to Access
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Building Size
24,980 SF
Building Class
B
Year Built/Renovated
1977/2008
Price
$7,200,000
Price Per SF
$288.23
Cap Rate
8.38%
NOI
$603,129
Percent Leased
96%
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
6,245 SF
Slab To Slab
12’
Building FAR
0.35
Lot Size
1.64 AC
Zoning
DOD
Parking
112 Spaces (4.48 Spaces per 1,000 SF Leased)
AMENITIES
- Controlled Access
- Conferencing Facility
- Property Manager on Site
- Signage
- Kitchen
- Wi-Fi
- Air Conditioning
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Aloha Salon
- Services
-
99,999 SF
- -
- -
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Jan 0000
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- Accommodation and Food Services
-
99,999 SF
- -
-
Lorem Ipsum
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Jan 0000
Domino’s came from humble beginnings in 1960, with just one store. Now, as one of the largest pizza companies in the world, Domino’s proudly continues its legacy of delivering great-tasting pizza to customers’ doors. As the largest pizza company in the world, Domino’s is dedicated to making, baking, and delivering mouthwatering pizza to households across the U.S. and world.
- Hideaway Bar and Grill
- Accommodation and Food Services
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99,999 SF
- -
- -
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Jan 0000
- Medical Service Quotes
- Services
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99,999 SF
- -
- -
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Jan 0000
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Aloha Salon | Services | 99,999 SF | - | - | Jan 0000 | |
|
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Accommodation and Food Services | 99,999 SF | - | Lorem Ipsum | Jan 0000 | |
| Hideaway Bar and Grill | Accommodation and Food Services | 99,999 SF | - | - | Jan 0000 | |
| Medical Service Quotes | Services | 99,999 SF | - | - | Jan 0000 |
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
Small second floor office suite available for lease.
Small second floor office suite available for lease.
Small second floor office suite available for lease.
Small second floor office suite available for lease.
| Space | Size | Space Use | Condition | Available |
| 2nd Fl-Ste 1 | 146 SF | Office | Full Build-Out | Now |
| 2nd Fl-Ste 2 | 540 SF | Office | Full Build-Out | Now |
| 2nd Fl-Ste 205 | 333 SF | Office | Full Build-Out | Now |
| 2nd Fl-Ste 3 | 238 SF | Office | Full Build-Out | Now |
2nd Fl-Ste 1
| Size |
| 146 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
2nd Fl-Ste 2
| Size |
| 540 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
2nd Fl-Ste 205
| Size |
| 333 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
2nd Fl-Ste 3
| Size |
| 238 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
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Bike Score®
Very Bikeable (71)
PROPERTY TAXES
| Parcel Number | 2505-112-04-012 | Improvements Assessment | $1,931,970 |
| Land Assessment | $189,790 | Total Assessment | $2,121,760 |
